A Simple Explanation of Worldwide Business
Worldwide has become an important part of our vocabulary. “Worldwide” has entered the dictionaries as a synonym for “common.” Used with this sense, the word has developed some post-modern uses, such as “a world franchise system,” “a worldwide business organization,” “a worldwide insurance company,” “the largest trading organization in the world,” “the largest trading corporation in the world,” “the largest shipping company in the world.” Thus, worldwide is now used to refer to a whole range of things that are not local to a particular geographic location.
Worldwide is also used in business to mean a group or division of employees that are located in more than one country or area. It is a principle goal of all international companies to maximize the productivity of their workers, so that each of them contributes something to the growth of the organization. International business is quite different from domestic business in that it requires global recognition to be profitable. A global market does not have local borders. Because of this, international companies require wide recognition outside of their own countries so that they can be profitable.
A worldwide business is a global corporation. It is an international business organization whose products and services are available to anyone in the world who needs them. The term worldwide can also mean worldwide coverage, or worldwide reach. The term is also frequently used to refer to “a worldwide trend.” For example, “a worldwide trend of increasing intolerance toward violence in the world’s public places.”
The term global has another meaning, political global. Global in political meaning means global in scope. Therefore, a global problem could be a political problem that affects many political areas at the same time. A political problem that has global effects would be described as a global problem. An example of this might be the dispute between Israel and the Palestinians over the rights of the occupied West Bank. A problem that is political in nature, therefore, would be considered a global problem.
A global business is a global corporation. It is one that has operations in more than one country. In business terms, it is a corporation that has operations in more than one country. A global corporation can have its business anywhere in the world, but most of its business is most often found in the US, Japan, and China.
Although businesses can have their services worldwide, it is usually cheaper to do business globally. For example, a car manufacturer in Japan can build the car in America and ship it to the rest of the world for retailing. Shipping costs would cut the cost of manufacturing the car in Japan, which would make it more affordable to sell the car overseas. However, because it is internationally sold, it is less expensive. This is why most international corporations operate nationwide. It is also possible for a company to operate globally with just a small number of employees in a very small city.